Macroeconomics
INS: Romanian August Industrial New Orders Down 0.6% On Month
Romanian industrial new orders inched down 0.6% on the month in August, largely due to a 15% decline in the durable goods sector, the statistics institute INS said Thursday.
Finance Ministry Approves EUR10.5M In Aid For Cord Romania, ContiTech Fluid Automotive
Romania's Finance Ministry this week approved providing state aid in the amount of EUR10.5 million for investments carried out by Cord Romania and ContiTech Fluid Automotive.
Isarescu: I’m Not Against Lower Social Security Taxes
Romanian labor market is too burdened and cutting the social security taxes, while a risky measure, would be a most welcome solution to stimulate economic growth, central bank governor Mugur...
Isarescu: Inflation Within Central Bank's Target Range In September
Romanian inflation has eased to below 4% in September, falling within the central bank’s target of 2%-4%, governor Mugur Isarescu said Wednesday.
Romania Retail Trade Posts Deepest Fall In EU In August
Romania posted the sharpest monthly drop among EU countries in terms of retail trade in August, according to data published Wednesday by EU statistics office Eurostat.
Romania Average Net Wage Slightly Down To RON1,455 In August
The average net salary in Romania declined 1.1% to 1,455 lei (roughly EUR337) in August, from RON1,472 a month earlier, the statistics institute INS said Wednesday.
UniCredit: Romania’s Funding Needs To Leap By 34% Next Year
Romania’s funding needs will remain high next year, as UniCredit analysts estimate it will reach EUR22.4 billion, EUR5.7 billion (34%) higher than this year.
Florin Citu: Romania Needs Lower Taxes To Support Growth
Romania must reduce taxation in the capital and workforce sectors to support the economic growth, because monetary policy measures alone are insufficient to sustain the development in the me...
Isarescu: Romania To Revise 2012 GDP Forecast On Exports Slowdown
Romania is set to revise its economic growth forecast for 2012, as exports are expected to advance at a slower pace than in 2011, central bank governor Mugur Isarescu said Tuesday.